engleski

Importance of non-economic factors for economics

Important economists who have pointed out existence of economic and non-economic factors are already A.Marshall than G.Myrdall and A.Sen. The analysis of the social situation and system is grateful (such analysis is mainly used in economic growth theory). Institutional factors have a greater role in developing countries. Economic freedom is relatively objective measure of institutional differences between countries in order to investigate their effect on trade in consumer goods and services. National, international economic and social development is in interdependence with democracy and human rights. Specialized agencies of the OUN act according to the criteria of application of Human Rights. Based on the methods of synthesis and desk research, in addition to the analysis of economic and non-economic factors, the need for interdisciplinary and multidisciplinary approach to economic problems can be concluded.

economic factors, non-economic factors, institutional factors, human rights, interdisciplinary approach

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